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The government of India has unveiled a 5-year plan to double the country’s export sales by 2019-2020, increasing India’s rank in global trade - from 2% to 3.5% by 2020. Merchandise exports currently account for about one-fifth of the country's $2 trillion economy. The new Foreign Trade Policy (FTP) for 2015-2020 replaces and consolidates existing trade promotion initiatives, focusing on reducing transaction costs for exports…
Korea continues to post a strong current account surplus in February, now for 36 straight months.  The government expects a record high current account surplus this year as Korea benefits from lower oil prices. Korea continued its current account surplus streak for the thirty-sixth straight month in February. The Bank of Korea says the surplus reached around US$6.5 billion, up over 40 percent from a…
In an interview with the Weekly Voice, Bhim D. Asdhir, President & CEO of Excel Funds Management Inc. explains that the Indian equity market is set to rise higher on the back of strong corporate earnings and accelerating economic growth. He also makes a strong case for investing in emerging markets which he says will be a better place to invest in, compared to developed…
Summary of Forbes Article “Five reasons to Invest in India” 1. Reforms According to Emerging Global Advisors of New York, reforms – including tax changes and rules changes that allow for greater absorption of foreign money into Indian companies - are the No. 1 for buying Indian equities. India’s 2016 budget announced lower corporate taxes and the merger of foreign direct and foreign institutional investment…
Malaysia and India are set to overhaul their tax systems by implementing the Goods and Services Tax (GST). It is expected that the consumption-based tax will simplify the tax regime; increase revenue collection; and boost economic growth.   Malaysia will implement the GST on April 1 – 5 years after it was first proposed - while India is expected to follow suit next year following…
There is consensus among a wide range of institutions, analysts and individuals that India could become the world’s next growth miracle. For instance, the International Monetary Fund forecasts that India is set to be the fastest-growing major economy, growing at a rate of over 8%, and surpassing China whose growth has slowed to 7%, following two decades of double-digit growth. The country’s former Central Bank…
 Seizing India’s MomentiThe case for increasing exposure to India “Today, the elements are all aligned to make India a global powerhouse. This is India’s moment. Seize it.” Christine Lagarde, Managing Director, International Monetary Fund India is poised to be the fastest growing major economy in the world and foreign investors have started to reallocate their investments into the country. It is therefore reasonable for Canadian…
The Securities and Exchange Board of India (SEBI) has approved rules for municipalities to issue and list bonds – making the growing Indian bond market more diverse and attractive. It is expected that the bonds will be used to fund infrastructure development, including the establishment of smart cities. India proposes to establish 100 new smart cities as part of the Modi administration’s massive reform program…
SEBI (Securities and Exchange Board of India) approves rules for issuing and listing muni bonds.  We view this as an important development in providing an alternative source of financing for cities.  This is also an important element for Prime Minister Modi's planned smart cities. http://economictimes.indiatimes.com/markets/stocks/policy/to-help-smart-cities-plan-sebi-approves-norms-for-issuance-and-listing-of-municipal-bonds/articleshow/46652124.cms?intenttarget=no&utm_source=newsletter&utm_medium=email&utm_campaign=Dailynewsletter&ncode=bc86f3975abde9546502e9cbaafcf156      
Reforms to fuel economy Reforms in a range of areas, among them merging the limits on foreign direct (FDI) and foreign institutional investments (FII); changes to the Land Acquisition Bill; promoting the development of the coal and power sectors; building roads and railways; implementation of direct transfer of subsidies; and streamlining the tax regimes, including the introduction of the Goods and Services Tax . Corporate…
In its continuing drive to boost foreign investments, the Indian government has passed legislation to allow foreign investors to increase their stake in local insurance companies from 26% to 49%. The passage of the long-awaited legislation sent insurance stocks higher and is welcome news for foreign insurers currently operating in India and those seeking to enter the market. According to the Financial Times, among the…
Key Features Leverages the strength of three funds in one to generate strong risk-adjusted returns Invests in three asset classes with different risk profiles - blue chip companies with emerging markets exposure; emerging markets bonds for higher yields; and emerging markets equities for growth. Above average annual distribution of 5%, paid monthly Average bond rating of fixed income component BBB+ Low-Medium risk fund rating Lower…

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